Exam 45: A: Consumer Law

Food labels are not required to provide standard nutrition facts.

Owen signs an installment contract with Pixel Video Store to finance the purchase of a new Quotient-brand 3D HD-TV for $4,999.This transaction is sub?ject to

Credit can be denied solely on the basis of national origin.

Brad borrows $20,000 from City Bank to repair his home and to buy a car.Brad buys a stereo from Discount Store in a transaction financed by the seller.If these parties are subject to the Truth-in-Lending Act,Regulation Z ap?plies to

Labels must be accurate.

Travel Tours Company faxes ads to Samantha and other individual consumers without the recipients' permission.This is subject to

Orange Company makes computers.The company's ad states that "if you aren't eatin' an Orange,you aren't gettin' any 'C.' " The Federal Trade Com?mission would consider this ad

Puffery constitutes deceptive advertising.

Manufacturers are required to report on any products intended for sale if the products have proved to be hazardous.

Quik Collection Agency calls Pat several times a day,and some?times in the middle of the night,about an overdue bill that Regal Sporting Goods turned over to Quik for collection.This is a violation of

Creditors are required to provide consumers with copies of records that can help the consumer prove that an account or transaction is fraudulent.

A credit-card company is not required to provide advance notice to consumers before changing credit-card terms.

There is no distinction between regulating the information dispensed about a product and regulating the actual content of the product.

Bait-and-switch advertising occurs when an ad appears to be based on factual evidence but in fact is not reasonably supported by evidence.

Kirk receives an unsolicited credit card in the mail and tosses it on his desk.Without Kirk's permission,his roommate Leif uses the card to buy a new per?sonal computer for $1,000.Kirk is

Due to the increasing number of protections afforded debtors,creditors are without means of securing payment on debts.

Common law judicial decisions that serve to protect the interests of consumers are not classified as consumer law.

A sanction known as counteradvertising requires a company to focus its marketing on point-of-sale displays.

Furniture Depot sells Gail a bedroom suite on credit.Gail fails to make the scheduled payments for six months.Furniture Depot sends her a let?ter,asking for immediate payment.This is a violation of

A consumer who receives unsolicited merchandise must return it within three business days.